Lode Gold Provides First Tranche Closing Update For Upsized $9 Million Non-Brokered Private Placement

Lode Gold Provides First Tranche Closing Update For Upsized $9 Million Non-Brokered Private Placement Home Pages Archive Share this story: --> --> Lode Gold Provides First Tranche Closing Update For Upsized $9 Million Non-Brokered Private Placement July 28, 2026 – TheNewswire - Lode Gold Resources Inc. ( TSXV:LOD | OTCQB:LODFF ) (“Lode Gold” or the “Company”) As requested by the TSX Venture Exchange (“TSXV”), Lode Gold is issuing this new release to provide additional information relating to and clarifying the status of its non-brokered private placement financing (the “Offering”) upsized to CAD$9 million as announced on July 22nd, 2026. Being oversubscribed, subscriptions for the first tranche of the Offering were closed off on July 22, 2026. With conditional approval for the expanded offering now received, the Company has closed the first tranche of the Offering issuing 29,845,073 units at a price of CAD$0.27 per unit, for gross proceeds of CAD$8,058,170. All securities issued will be subject to a statutory hold period in accordance with TSXV Policies. The Company expects to complete the second and final tranche of the Offering shortly. ABOUT LODE GOLD Lode Gold has key assets in Canada and the United States. Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price was gold was $35 per oz. PEA was completed ( link ) in 2023. The PEA was based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite cut-off [1] . MRE ( link ) was updated in 2026; 89% of the ounces were left unmined if we compare historical production with our current Indicated Resource. Average true widths at 1 g/t cut off is 53m. Project sits on > 3,000 acres of 100% owned private and patented land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives). Dingman Property is an orogenic deposit in Ontario, Canada with over 22,000 m drilled, with a 2013 PEA, MRE ( link to report ): 376,000 oz at 0.94 g/t within 12.5 Mt measured and indicated and 47,000 oz at 0.71 g/t within 2.1 Mt Inferred. Qualified Person The technical information contained in this press release was reviewed and approved by Gary Wong, P.Eng., VP Exploration of Lode Gold, designated as a qualified person under NI 43-101. ON BEHALF OF THE COMPANY Wendy T. Chan CEO & Director [email protected] +1(604) 977-GOLD (4653) Kevin Shum Investor Relations [email protected] +1(604) 977-GOLD (4653) Cautionary Statement Regarding Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations. There can be no assurance that forwa